Contractor’s Protective Professional Indemnity Insurance Program – Success Story

Contractor’s Protective Professional Indemnity Insurance Program – Success Story

New Day was authorized by one of our broker partners to work with the incumbent carrier for Contractor’s Protective Professional Indemnity Insurance (CPPI) coverage for a $500,000,000 construction firm. Even though New Day was asked to provide insight and perspective on market alternatives on the account, the focus of the renewal process was to advance coverage with the incumbent carrier while maintaining or reducing the rate. Just as requested, New Day improved coverage in several major areas of the policy and maintained the rate as it was expiring. Of additional benefit was New Day’s ability to preserve the marketplace by using the other carriers on a limited basis and not “burning out” the underwriters.

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